USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 1.36733 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.36247 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37122 |
| 2nd High | 1.36844 |
| Next High | 1.36733 |
| Current Price | 1.36535 |
| Next Low | 1.36247 |
| 2nd Low | 1.36031 |
| 3rd Low | 1.35931 |
1.36733 – 1.36844 – 1.37122 – 1.36247 – 1.36619 – 1.36587 —
1.36648 – 1.36512 —
51.164927679757 – 48.767402672893 —
– —
1.36733 – 1772416800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –